4 ms·
I'm aware of what mining is. And you're not just signing a block. No one would be making custom ASICs and putting server farms near hydro-electric plants if all
by pkulak 13y ago
I'm aware of what mining is. And you're not just signing a block. No one would be making custom ASICs and putting server farms near hydro-electric plants if all you had to do was sign a block. You're paying people to do useless work and it's silly.
- nicky0 13y agoHow else would you propose securing the network?
- pkulak 13y agoProof of stake. Or figure out something totally new. I'm not proposing a solution, just the problem. My gut tells me there is a solution though.
- shultays 13y agoYou lose resources to create paper currencies, I don't see how two things are different
- pkulak 13y agoBecause you lose far more with Bitcoin. Bitcoin is currently doing as many transactions as a small community credit union, but it's got server farms all over the world and thousands of individual computers and ASICs running 24/7 to "secure" it. It's totally out of control.